Brokerages expect Peak Resorts Inc (NASDAQ:SKIS) to post $52.65 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Peak Resorts’ earnings, with estimates ranging from $51.60 million to $53.80 million. Peak Resorts posted sales of $51.26 million in the same quarter last year, which suggests a positive year-over-year growth rate of 2.7%. The firm is expected to announce its next quarterly earnings results on Thursday, July 12th.
On average, analysts expect that Peak Resorts will report full-year sales of $128.29 million for the current year, with estimates ranging from $127.20 million to $129.43 million. For the next fiscal year, analysts forecast that the firm will report sales of $132.66 million per share, with estimates ranging from $130.00 million to $133.50 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Peak Resorts.
Peak Resorts (NASDAQ:SKIS) last released its earnings results on Thursday, March 8th. The company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.05. The company had revenue of $59.27 million during the quarter, compared to the consensus estimate of $59.65 million. Peak Resorts had a positive return on equity of 1.37% and a negative net margin of 0.13%.
A number of hedge funds have recently made changes to their positions in SKIS. Dimensional Fund Advisors LP lifted its position in Peak Resorts by 93.8% in the third quarter. Dimensional Fund Advisors LP now owns 26,649 shares of the company’s stock valued at $116,000 after purchasing an additional 12,895 shares during the last quarter. Sterneck Capital Management LLC lifted its position in Peak Resorts by 13.3% in the fourth quarter. Sterneck Capital Management LLC now owns 241,975 shares of the company’s stock valued at $1,307,000 after purchasing an additional 28,467 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in Peak Resorts in the fourth quarter valued at approximately $382,000. Wells Fargo & Company MN lifted its position in Peak Resorts by 40.4% in the first quarter. Wells Fargo & Company MN now owns 40,640 shares of the company’s stock valued at $198,000 after purchasing an additional 11,700 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Peak Resorts by 150.5% in the first quarter. Russell Investments Group Ltd. now owns 160,190 shares of the company’s stock valued at $776,000 after purchasing an additional 96,241 shares during the last quarter. Hedge funds and other institutional investors own 45.42% of the company’s stock.
NASDAQ:SKIS traded up $0.10 during mid-day trading on Thursday, reaching $4.95. The stock had a trading volume of 10,610 shares, compared to its average volume of 15,210. The company has a market capitalization of $69.21 million, a price-to-earnings ratio of 165.00 and a beta of 1.17. Peak Resorts has a one year low of $4.00 and a one year high of $5.78. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.75 and a quick ratio of 0.69.
The company also recently announced a quarterly dividend, which was paid on Friday, May 11th. Investors of record on Thursday, April 26th were given a $0.07 dividend. The ex-dividend date was Wednesday, April 25th. This represents a $0.28 dividend on an annualized basis and a yield of 5.66%. Peak Resorts’s payout ratio is 933.33%.
About Peak Resorts
Peak Resorts, Inc, through its subsidiaries, owns, operates, and leases day ski and overnight drive ski resorts. The company offers various activities, services, and amenities, including skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction and mountain biking, zip tours, and other summer activities.
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